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. . CaNDOMI~IIUM RID~~ ~ ,
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7'NIS CONDOI~dINIUI~d R1DER b mad~ tAjs ~lst ~y o/ October 78 ~ and L lncorporated into .
sr,d shaq bs deemed to araeod aad supplsment a Mort`ase. Deed a~t 1~ust or Deed to Secure Debt I~rein "aecuril~ tnstrument"!
datsd ot svs~ datt bereM?itL. ~ivsn by ihe uadersi~oed (herrta "Borrow~r'1 b sscure Borrow~r's Not~ to
MoCAUGH~1 ~ANY~ II~1C. lbento "Lead~ aod caverias.tM property described ta tbe seeuriy ;
ins~.rument aod loe:t~d at ~200 I~lo~^th AlA, tfiit No. 304 , Ft. Pi,erce, Fl~o~tida 33450 :
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T},~ p~perty comprises a uait~Ia, to=etlier w?Jtb an uAdlvlded lnterest f a tbe oommoa ekmeab of. a oondominlum project kno~?a ~s
5FA PIIdFS TOh~t 00[~D~TIUM ' • . . ~ . . . tb~reis "Condomtnium Projeetry. E
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(~1JDOl~INIUM COVFNANTS. Ia additioa to tbe oovenanls aad a~eeneen4 made i~ the securj~y iastrumenR Borrower ~
snd Lepder furl6er eoveaaat aad a~ree as lollow~ ~ .
~ Asssa~meata. Harrower sha11 promptl]? P~?. w~hen dw. all aasessmeals Zmposed b~ tAe Ownera AssoeiaUon ar oti,a
xoverujai bcd~? a! tbe C°~O~dum Projed (lieraia "Owners Assotistfoe'7 punwnt to ttie provislons ot the deelaratlon, by-la~r~„ .
code of rt~uhtions ac otber toASUtueot dontraent d tM ~:on0omfnjum YwjeeL
g. Ha:ar~ Lwruca. So Ioa~ u tbs Owners AswcJaUoa maintaias a"a~asl~er' or "blankel~ pO~~Cr OA ul0 COAaOf11~A~UlO
projK{ .,,bicL provides insunnoe cavera~
saatnst Qn. basardi leduded within the lern! "extended ooveraae." and sue]i other ~ t
ha~rds u Leudes ma7 n9~e. snd in sueb atnounb and !ar sueL periods ss Lender may requtre. tbaa: '
,(p LeAder w?aives tbe provisios it~ Uuiform Ooveaant 8 far t1~e~monthly paymet~t !o Lender ot onaLwelttb ot tb~
premium installmeats tofhsr~sd insuranee oA tbe Prs~pertJ; _
Borrower
s obligstioa undv Ualform Covenaat 5 to maiatain harard insuranee eoverage on the Properiy is deea~ed ~
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satist~ed: and
(iii) the provisions jn UnUorm Covenant S regarding application of hanrd insuranee proceeds shall be superseded by snJ?
provis;ons oi ibe declsralion. by-laws. code o! regulations or other eonstitueot document ot the Condom~nium ~roject or ot applia
•ble lsw to tbe extent necessary to svoid a eoatliet between sueb provisions sad the provisions Q! Unilorm Covenant 5. For any ~
period o~ time durins -wbieb sueT~ 1~azsrd insursnee coverage is not mainLined. the immediately precedina senteaee shall be t
dcemed to 1~a~?e no torK o~ etteet. Borrower shall give Leader prompt notite of sny lapse i~ sueb baurd insurance coverige. ;
Jn tbe event o! a distn'bution of bauid insuranoe proeeeds in lieu o! restontion or repair tollowin6 a loss to the Properly. ~
whcthcr b ihe unit ar to common elements, any sueb proeeed~payabk t,o Borrower are hereby auigned and aball be paid to ~
Lender !or apPiieation to ibe sums seeured by tbe security instrumenl. with the excess. I[ any. psid to Borrower. ~
C, l,sadcr
s Prjor Cosseaf» Borrower sbaU not„ except attsr notice to Lender and with Lender
s prior wrttten consenl..
pa~Ution or subdivide tbe Praperty or eonsent toc ,
(jj tbe absndonmenl or termination o! the Condominium Proj~et„ exccpt tor abandonment or termination provided by
law in the us~ of substantul destruetton by fin or olher u'sualty. or in the use of s Lking by condemnation or emincnt domair~
(ifj ~ any msterial amendmeat to ihe detlara~ion. by-laws or code of zegubtions of the Owners Associalion. or equivalent ~
constituent document of tlie Condominium Projeet. ineludina. bul no! limited tor any amendment whicl~ would change the per- ~
centa~e jnterests ot the unit ownen in ihe Condominium Project; er ~ , ~
(iii~ the efteeiwtion of any decision b,p the Owners Assocution to terminate prolessional man~gemenl and assume seU -
mana6ement of !he Condominium ProjeeR. ' - ~
~k D~~ rl0?ICE. Anq ~nQtice_ from Borrowe= to I.ender required in th~Condominium Rider shall _
€ be mailed to Lender bq_certif~ed mai~. to Lepde=ls address"stated in the •Mortgage or at such
~ address as Lender way designate to BorroWer by certified mail to the Property Addresa.etated
~bov~. At~y sucb notice fron Lender to Borrower shal~ be given in the nner provided undez
UnifotA Covenant 14 of the Hortgage. ,
IN i~1ITNESS ~iHEREOF, Borrower has executed Condominiu id .
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. -Bor ~er
" , - Horror.
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~'!t T!It?f'ii-2 to a F~mllr--ar16-FNMA/FHLMC UNJFORM INS?RUMENT (Rev I/1E) ~
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